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FTX liquidates the collateral before the whole thing can slide into the red for borrower, FTX does offer staking for certain coins, but you probably mean lending. Stablecoins lending is not much in demand at FTX though, there it's mainly altcoins that offer 10%+. Funnily enough you can currently lend Apple stock token for 20% there. I don't use Cryptodotcom at the moment but as far as I know rates are more stable there. With FTX they can change hourly. Main risk for me are the stablecoins themselves, the platforms mentioned above are very trustworthy from my point of view.
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@Fan Thank you for your answer! :)
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@sinnvestition USDT has just 10% in cash, the rest are other assets, even if the majority of them are "risk-free". It's similar with USDC, I don't even know how much cash they actually hold, as they state "Cash & Cash Equivalents". USDC is still my to-go stablecoin because Coinbase, a NASDAQ company, is behind it. Don't even get me started on DAI, UST, or MIM. One oopsie and they're gone, just like altcoins, only without the risk of fluctuation.
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